Record amounts of money pulled from cash Isas in second half 2020

In at number 5 and dropping two places, it’s Coventry Building Society with its instant access Isa. At number 4, it’s a new entry for Santander and its bonus reward Isa. At number 3, it’s… Okay, I’ll stop. I’ve been watching far too much Top of the Pops 2 on BBC Four during lockdown, but … Read more

Big banks paid just 38 pence interest on £1,000 on cash Isas this year

Worst year yet for cash Isa savers: Big banks paid just 38 pence interest on each £1,000 in 2020 By Sylvia Morris For The Daily Mail Published: 22:00 GMT, 15 December 2020 | Updated: 22:36 GMT, 15 December 2020 Britain’s biggest banks will pay savers as little as 38 pence interest on each £1,000 in … Read more

Savers plough cash into stocks and shares ISAs 

Savers shun rock-bottom savings rates and plough cash into stocks and shares ISAs By Lucy White For The Daily Mail Published: 22:10 BST, 20 October 2020 | Updated: 22:30 BST, 20 October 2020 Business is booming for investment platforms as savers who stored up extra cash over lockdown flocked to the markets to put it … Read more

New short-term best buy fixed-rate savings deals and cash Isas

More green shoots have appeared in the savings market as the recent revival in fixed-term savings rates has continued over the last week. Challenger banks have continued to increase their rates on short-term fixed-rate deals while best buy tax-free Isas have also been launched. Experts said the presence of Treasury-backed National Savings & Investments at … Read more

Dismal returns on cash Isas mean ordinary savings accounts earn more

Cash Isas loose their sparkle: Dismal returns mean you can now earn more with an ordinary savings account By Sylvia Morris For The Daily Mail Published: 22:01 BST, 7 July 2020 | Updated: 22:01 BST, 7 July 2020 Savers are pulling cash out of Isas at a record pace after rates plummeted. The dismal returns … Read more

Savers abandon cash Isas as interest rates plunge 

Savers abandon cash Isas as interest rates plunge and pour money into easy-access accounts By Sylvia Morris For The Daily Mail Published: 22:03 BST, 9 June 2020 | Updated: 22:03 BST, 9 June 2020 Savers are fleeing cash Isas and pouring money into easy-access accounts instead. Around £1 billion was withdrawn from cash Isas between … Read more

Nationwide savers forced to wait weeks to transfer Isas

Nationwide savers forced to wait weeks to transfer Isas after building society slashes rates across the board By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 5 May 2020 | Updated: 22:01 BST, 5 May 2020 Nationwide has cut the rate on its Future Saver account by 2.5 points Nationwide customers are having … Read more

Banks remove up to 180 savings deals and ISAs after interest base rate was slashed to record 0.1% 

Savings deals are vanishing from the market at the fastest rate seen in records going back to 2007, a financial information website says. Some 180 deals have disappeared in the past month alone, with banks and building societies pulling deals to new savers after creeping up the ‘top rate’ tables unexpectedly, according to Moneyfacts.  In April, … Read more

Best stocks & shares Isas: Pick the best DIY investment platform

The rise of DIY investing has delivered a revolution in the way investors buy shares, investment trusts and funds – offering them huge savings through online brokers. It’s easy to invest in a stocks and shares Isa, self invested personal pension, or standard trading account online and start putting your money to work, without the … Read more